Elkhorn Partners Limited Partnership Has $29.33 Million Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Elkhorn Partners Limited Partnership trimmed its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,080 shares of the insurance provider's stock after selling 1,095 shares during the period. White Mountains Insurance Group makes up approximately 19.3% of Elkhorn Partners Limited Partnership's portfolio, making the stock its 3rd biggest position. Elkhorn Partners Limited Partnership owned approximately 0.59% of White Mountains Insurance Group worth $29,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of White Mountains Insurance Group by 101.9% in the third quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock worth $1,953,000 after purchasing an additional 581 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of White Mountains Insurance Group during the 3rd quarter valued at approximately $1,606,000. Geode Capital Management LLC increased its stake in shares of White Mountains Insurance Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider's stock worth $67,603,000 after purchasing an additional 273 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of White Mountains Insurance Group by 41.0% in the 3rd quarter. Jane Street Group LLC now owns 1,307 shares of the insurance provider's stock worth $2,217,000 after purchasing an additional 380 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in White Mountains Insurance Group by 7.9% in the third quarter. Lord Abbett & CO. LLC now owns 33,012 shares of the insurance provider's stock valued at $55,994,000 after purchasing an additional 2,430 shares during the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

Shares of NYSE:WTM traded up $1.87 during trading on Friday, hitting $1,744.87. 13,947 shares of the company were exchanged, compared to its average volume of 13,440. White Mountains Insurance Group, Ltd. has a 52-week low of $1,666.22 and a 52-week high of $2,023.00. The stock has a 50 day moving average of $1,832.58 and a 200 day moving average of $1,874.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $4.43 billion, a PE ratio of 19.39 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group's dividend payout ratio is presently 1.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded White Mountains Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.